Tariff Value of Gold, Silver increased
THE Government has increased the Tariff value of Gold from 401 USD to 412 USD per 10 gms. The tariff value of Silver is also increased from 543 USD to 568 USD per kilogram.
Apart from the above, Tariff values of all oils have been reduced along with that of Brass Scrap. Poppy seeds and Areca Nuts refused to have their Tariff values reduced.
The Tariff values as on 15.01.2015 and with effect from 30.01.2015 are as under:
Table 1 | ||||
S. No. | Chapter/ heading/ sub-heading/tariff item | Description of goods | Tariff value USD (Per Metric Tonne) | Tariff value USD (Per Metric Tonne) |
|---|---|---|---|---|
(1) | (2) | (3) | (5) | (6) |
1 | 1511 10 00 | Crude Palm Oil | 705 | 681 |
2 | 1511 90 10 | RBD Palm Oil | 729 | 707 |
3 | 1511 90 90 | Others - Palm Oil | 717 | 694 |
4 | 1511 10 00 | Crude Palmolein | 739 | 724 |
5 | 1511 90 20 | RBDPalmolein | 742 | 727 |
6 | 1511 90 90 | Others -Palmolein | 741 | 726 |
7 | 1507 10 00 | Crude Soyabean Oil | 894 | 864 |
8 | 7404 00 22 | Brass Scrap (all grades) | 3637 | 3537 |
9 | 1207 91 00 | Poppy seeds | 3747 | 3747 |
Table 2 | ||||
S. No. | Chapter/ heading/ sub-heading/tariff item | Description of goods | Tariff value USD | Tariff value USD |
1 | 71 or 98 | Gold, in any form in respect of which the benefit of entries at serial number 321 and 323 of the Notification No. 12/2012-Customs dated 17.03.2012 is availed. | 401 per 10 grams | 412 per 10 grams |
2 | 71 or 98 | Silver, in any form in respect of which the benefit of entries at serial number 322 and 324 of the Notification No. 12/2012-Customs dated 17.03.2012 is availed. | 543 per kilogram | 568 per kilogram |
Table 3 | ||||
S. No. | Chapter/ heading/ sub-heading/tariff item | Description of goods | Tariff value USD (Per Metric Tons) | Tariff value USD (Per Metric Tons) |
1 | 080280 | Areca nuts | 2183 | 2183 |
Notification No. , Dated: January 30 2015